Lecture Intermediate accounting (4/e): Chapter 21 - Spiceland, Sepe, Tomassini

Chapter 21 - Statement of cash flows revisited. The objective of financial reporting is to provide investors and creditors with useful information, primarily in the form of financial statements. The balance sheet and the income statement - the focus of your study in earlier chapters - do not provide all the information needed by these decision makers. Here you will learn how the statement of cash flows fills the information gap left by the other financial statements.